Bitcoin stabilised over the past two days after pulling back from recent highs as investors reassessed risk appetite amid mixed macroeconomic signals and softer global equity markets.
The world’s largest cryptocurrency traded lower earlier in the week, retreating from levels above $93,000 before finding support around the $90,000 psychological level.
Over the last 48 hours, Bitcoin has traded within a narrow range between $90,000 and $92,000, reflecting reduced volatility and cautious positioning by market participants.
On the latest session, Bitcoin hovered around $91,500, stabilising after a roughly 2% decline from recent peaks.
Trading volumes eased from earlier highs, indicating profit-taking rather than broad-based liquidation across the market.
Ethereum followed a similar trajectory, consolidating after recent gains. The second-largest cryptocurrency traded between $3,100 and $3,250 over the past two days, with price action reflecting continued correlation with Bitcoin and subdued speculative interest.
Across major altcoins, performance was mixed. Solana slipped modestly, trading near $210 after failing to sustain earlier momentum.
BNB remained relatively stable around $420, while XRP traded near $2.30, easing alongside broader market weakness.
Meme-linked tokens underperformed, with speculative activity cooling as traders reduced exposure to higher-risk assets.
The broader cryptocurrency market capitalisation edged lower, driven primarily by Bitcoin’s pullback. However, liquidity conditions remained stable, with no signs of stress in major trading venues. Stablecoin activity suggested capital rotation rather than outright exits from the crypto market.
Investor focus remained on macroeconomic developments, particularly upcoming U.S. labour market data that could influence expectations around Federal Reserve policy.
A more cautious outlook for global growth and interest rates has temporarily weighed on risk assets, including cryptocurrencies.
Despite the short-term pullback, analysts noted that Bitcoin’s ability to hold above the $90,000 level signals underlying demand and structural support.
Market participants view the recent move as a consolidation phase following a strong rally, rather than a reversal of trend.
In the near term, Bitcoin’s direction is expected to remain range-bound as investors await clearer macro signals.
A sustained break above $92,000–$93,000 could restore upside momentum, while a move below $90,000 may trigger broader weakness across the crypto market.
Overall, Bitcoin’s stabilisation reflects a market shifting from aggressive risk-taking to cautious reassessment, with price action suggesting consolidation as investors position for the next catalyst.